Somewhat Scholarly

005 – The End of Fractional Reserve Banking

005 – The End of Fractional Reserve Banking

On March 15, 2020, the Federal Reserve Board of Governors announced that the policy of ‘fractional reserve’ banking would no longer continue as of March 26, 2020 (a day that will live in infamy); as of that date, the reserve requirement would be zero percent for all types of deposits. This will have profound consequences … Continue reading "005 – The End of Fractional Reserve Banking"

Duration: 41 min

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